Hyderabad-based tech-enabled construction aggregator, Wehouse, has raised USD 1 million from Anthill Ventures and a group of angel investors in its first funding round as it plans expansion to more metro cities and some tier 2 cities, Sripad Nandiraj, Co-Founder and CEO, Wehouse told ET.

The company recently rebranded itself to Wehouse from Hocomoco and will utilise the funding to upgrade the technology platform and hire for key roles in its expansion to cities pan-India.

Wehouse is a tech aggregator platform that facilitates end-to-end construction services, helping customers build their dream homes.

“Our recent funding is an indication that we are moving in the right direction, and it gives us immense pleasure that investors are showing faith in our brand and traction thus far. The funding will be used to bolster our tech and prime us for scalability,” said Sripad Nandiraj, Co-Founder and CEO, Wehouse.

“Currently, more than 2000 workers are indirectly employed on different projects across Wehouse’s projects. We want to keep increasing this number and give these workers more jobs as we grow,” Nandiraj said.

Wehouse is a tech aggregator platform that facilitates end-to-end construction services, helping customers build their dream homes. The startup simplifies the construction process by bringing all entities involved in building a home, together, under one roof.

It provides end-to-end services from legal permissions, architectural structural design, and construction execution to interiors and monitoring services. It also offers e-monitoring, which enables customers to check the progress of the work and material consumption on-site through photos and videos of work, and notifications.

Thus, providing a surveillance-secured project site to prevent theft and damage throughout the project.

The company focuses low rise construction and with recent increase in demand for plotted development, the company is hopeful of growth.

“We firmly believe that a startup like Wehouse with its technology-first approach and deep domain expertise has a large opportunity to organize this fragmented market. This is just the beginning of our bold bet in this space, as we look forward to the launch of the first cohort of Gruhas ASPIRE, a scaling program for early-stage proptech companies in India,” said Sailesh Sigatapu, Partner at Anthill Ventures.

The construction industry is expected to grow from $250 billion in 2022 to $530 billion in 2027, with a compound annual growth rate of 7.8% and Wehouse aims to capture a fair share of this growing market. The new funding comes on the heels of a major commercial milestone of Wehouse completing 1 million square feet of built-up area. They are slated to touch Rs 100 crore of booked revenue in the next few months.